IOS Daily - May 28 - TRUX Parking acquires 35 locations from Store My Truck

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NEWS ROUNDUP

PORTFOLIO ACQUISITION: TRUX Parking acquires 35 parking sites from Store My Truck. This strategic acquisition expands TRUX’s national footprint to 68 locations, making it the largest operator of truck parking facilities in the nation. The newly acquired sites are located across key freight corridors and metropolitan areas such as Birmingham, AL, Charlotte, NC and Atlanta, GA. The TRUX deal team included Joey Goodman, Alexander Hegner, Danny Loe, Mia Schaefer, Cyera Higgins, Matt Irving, Blaise Larrabee, Bret Marks, and George Ettershank.

DISPOSITION: Marcus & Millichap sells 6.38 acre IOS in Arkansas for $5.25M. Marcus & Millichap has facilitated the sale of 2800 Fair Park Boulevard in Jonesboro, Arkansas. The property features a 26,000 SF industrial building and is currently leased to SRS Distribution. Giancarlo Mata with Marcus & Millichap represented the seller in the transaction. Matt Davis with Trinity Real Estate Investment Services represented the buyer.

ACQUISITION: Alterra buys 2.49 acre IOS in Savannah, GA metro area. Alterra IOS has acquired 82 Columbia Drive in Pooler, Georgia. The property features a 14,400 SF industrial building. Sean Christman led the Alterra deal team. Austin Marsh and Stratton Greig with Sands Investment Group facilitated the transaction.

DISPOSITION: Alpine Partners sells 4 acre IOS in Houston, TX. Alpine Partners has facilitated the sale of 113 Berry Road in Houston, Texas. The property features 20,000 SF of industrial buildings. Derick Perkins and Kyle Fischer with Alpine Partners represented the seller in the off-market transaction. Troup Rolland with Capital Real Estate Commercial represented the buyer.

DISPOSITION: Matthews sells 3 acre IOS in Hope Mills, NC. Matthews Real Estate Investment Services has facilitated the sale of 217 Woodington Road in Hope Mills, North Carolina. The property features a 6,000 SF industrial building and is currently leased to Flowers Foods. Harrison Auerbach and Thomas Wilkinson with Matthews represented the seller in the transaction.

LEASE SIGNED: Lee & Associates leases 2.5 acre IOS in Phoenix, AZ metro area. Lee & Associates has facilitated the leasing of 19643 East Warner Road in Mesa, Arizona. The property features a 9,000 SF industrial building. Matt McDougall with Lee & Associates represented both the landlord and the tenant in the transaction.

LEASE SIGNED: Prescott leases 2.44 acre IOS in Greater Boston, MA area. Prescott has facilitated the leasing of 1 Madison Street in Plainville, Massachusetts. The property includes an 8,874 SF industrial building. David Skinner, Devon Wagner, and Vin Cannistraro with Prescott represented the tenant, Mazzotta Rentals, in the transaction. James Stubblebine with The Stubblebine Co. represented the landlord.

FROM OUR PARTNERS

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For Sale and Lease | 20 AC | Fully Graded | Fully Fenced | Graveled | Close to I-435, I-635, I-70 and I-35

For Sale and Lease | 5.3 AC | 70,660 SF Industrial Building with >9,000 SF Office and 13’-23’ Clear Heights | 3-Phase Power | (3) Dock-High Doors, (2) 20’ Drive-in Doors, and (4) 12’ Drive-in Doors | Roof Replaced in 2014 | Fully Sprinklered | 90 Parking Spots Plus Outdoor Storage Area

5.93 AC | Close Proximity to Exit 293 of I-75 | Developed Storage Lot Currently Leased on a Month-to-Month Basis for Semi-Trailer Truck Parking

108 AC Available (Divisible to 5 AC) | Stabilized Truck Parking | Lit, Gated, and Secured | 3-Phase Power Available | Close to I-45, I-20, and Union Pacific Dallas Intermodal Terminal

2 AC | Heavy Industrial Laydown Land | Level, Stable, and Fenced Lot | Fresh Millings Recently Applied | Immediately off I-95, I-295, and I-495 Corridor

2.4 AC | Paved, Lit, and Fenced | 3 Phase Power | Ample Storage Space | 4,349 SF Warehouse with 3 Grade-Level Doors | 7,551 SF Office | Direct Access to I-69C